Chevron CEO Highlights Patience in Venezuela Oil Deal
Deals·1 article across 1 outlet
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Chevron Corp has adopted a long-term strategy in securing legal rights to oil resources in Venezuela. The company's CEO emphasized that patience is key to eventually producing these resources profitably.
This approach reflects a broader trend in the oil industry, where companies often wait to capitalize on their investments in large resource projects.
Chevron
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“Big Oil has often employed the “hang around” playbook: secure legal rights to a giant resource — and then, eventually, figure out how to produce it profitably.”
Bloomberg — Chevron CEO Says Patience Pays Off in Venezuela Oil Deal